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Clifford Chance

Clifford Chance


CFIUS Stonewalls Chinese Investor, Unwinds Gay Dating App Investment

March 29, 2019

The Committee on Foreign Investment in the United States ("CFIUS") has reportedly told Beijing Kunlun Tech Co. Ltd. to sell Grindr, the world's largest gay dating app. CFIUS' post-closing action in this case shows that it is not afraid to disrupt a completed transaction if it perceives a national security risk. This action is the latest example of the U.S. government treating Chinese technology investments – particularly when big data is involved – as a national security risk.

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